A plan to jump start Lebanon's economy: Export cannabis to the world

'The quality we have is one of the best in the world,' said Lebanon's trade minister, adding cannabis could become a one-billion-dollar industry

Haaretz (Israel)Sunday, July 8, 2018

Consulting firm McKinsey & Co. presented a document detailing proposals to jump start Lebanon's economy to President Michel Aoun, Bloomberg reported. The report highlighted some "quick wins" Lebanon can implement to get back on track - including legalizing cannabis production for export. Caretaker Economy and Trade Minister Raed Khoury added Lebanon could legalize cultivation and export the drug for medicinal treatments: “The quality we have is one of the best in the world,” he said, adding cannabis could become a one-billion-dollar industry. Bloomberg notes that "cannabis is cultivated clandestinely in the eastern Bekaa Valley, which is dominated by Hezbollah." (See also: Lebanon will legalize growing marijuana after McKinsey evaluated it as a boost for the country's troubled economy)

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In 2011 the 1961 UN Single Convention on drugs will be in place for 50 years. In 2012 the international drug control system will exist 100 years since the International Opium Convention was signed in 1912 in The Hague. Does it still serve its purpose or is a reform of the UN Drug Conventions needed? This site provides critical background.